Synopsys, Inc. (NASDAQ:SNPS) Shares Sold by 180 Wealth Advisors LLC

180 Wealth Advisors LLC decreased its holdings in Synopsys, Inc. (NASDAQ:SNPSFree Report) by 7.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 496 shares of the semiconductor company’s stock after selling 39 shares during the quarter. 180 Wealth Advisors LLC’s holdings in Synopsys were worth $241,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Hazlett Burt & Watson Inc. grew its position in Synopsys by 40.0% in the third quarter. Hazlett Burt & Watson Inc. now owns 70 shares of the semiconductor company’s stock worth $35,000 after buying an additional 20 shares during the last quarter. Green Alpha Advisors LLC grew its position in Synopsys by 1.7% during the 3rd quarter. Green Alpha Advisors LLC now owns 1,294 shares of the semiconductor company’s stock worth $655,000 after purchasing an additional 22 shares in the last quarter. Aptus Capital Advisors LLC lifted its holdings in shares of Synopsys by 1.5% in the third quarter. Aptus Capital Advisors LLC now owns 1,447 shares of the semiconductor company’s stock valued at $733,000 after purchasing an additional 22 shares in the last quarter. Resurgent Financial Advisors LLC boosted its position in shares of Synopsys by 2.8% in the third quarter. Resurgent Financial Advisors LLC now owns 809 shares of the semiconductor company’s stock worth $410,000 after buying an additional 22 shares during the period. Finally, Larson Financial Group LLC grew its holdings in shares of Synopsys by 6.1% during the third quarter. Larson Financial Group LLC now owns 398 shares of the semiconductor company’s stock valued at $202,000 after buying an additional 23 shares in the last quarter. Institutional investors and hedge funds own 85.47% of the company’s stock.

Synopsys Stock Performance

SNPS opened at $507.19 on Thursday. The stock has a 50-day moving average of $522.21 and a 200-day moving average of $527.43. Synopsys, Inc. has a 52-week low of $457.52 and a 52-week high of $629.38. The company has a market cap of $78.40 billion, a PE ratio of 34.93, a price-to-earnings-growth ratio of 3.41 and a beta of 1.12.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on SNPS shares. Mizuho assumed coverage on Synopsys in a research note on Tuesday, October 22nd. They issued an “outperform” rating and a $650.00 price objective for the company. Loop Capital began coverage on shares of Synopsys in a report on Monday, November 11th. They set a “buy” rating and a $675.00 price target for the company. Rosenblatt Securities reiterated a “buy” rating and issued a $635.00 price objective on shares of Synopsys in a research note on Wednesday, December 4th. Wells Fargo & Company lowered their price target on shares of Synopsys from $570.00 to $540.00 and set an “equal weight” rating on the stock in a report on Monday. Finally, Berenberg Bank initiated coverage on Synopsys in a report on Tuesday, October 15th. They set a “buy” rating and a $660.00 price objective for the company. One equities research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, Synopsys has a consensus rating of “Moderate Buy” and an average price target of $641.82.

Read Our Latest Analysis on SNPS

About Synopsys

(Free Report)

Synopsys, Inc provides electronic design automation software products used to design and test integrated circuits. It operates in three segments: Design Automation, Design IP, and Software Integrity. The company offers Digital and Custom IC Design solution that provides digital design implementation solutions; Verification solution that offers virtual prototyping, static and formal verification, simulation, emulation, field programmable gate array (FPGA)-based prototyping, and debug solutions; and FPGA design products that are programmed to perform specific functions.

See Also

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Institutional Ownership by Quarter for Synopsys (NASDAQ:SNPS)

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